Farris Evans Insurance Agency (FEIA) of Memphis, Tenn., has restructured the ownership of the privately held firm and promoted Vice President Chadwick Willoughby, now a major equity holder of the company, to president.
The move became effective Jan. 20., when the firm’s majority owner and co-founder, Stan Evans, transitioned from being the firm’s president to chief executive officer.
Willoughby has been at FEIA, which specializes in trucking and transportation insurance, for the last five years.
Willoughby will spearhead the future growth of the company, including a continuation of rapid transitions in both technology and regulation.
He has 15 years of commercial insurance experience to the position, and has earned four commercial insurance designations: CIC, TRS, CWCC, and CLCS.
Topics Tennessee
Was this article valuable?
Here are more articles you may enjoy.
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
Texans Hate Data Centers So Much They Are Asking Jesus for Help 
Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino 
Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve 
